Homegrown FMCG firm Marico Ltd on Thursday (July 3) reported consolidated year-on-year (YoY) revenue growth in the low twenties for the first quarter of FY26, supported by a strong volume trajectory in its India business and double-digit growth in international markets.
The company said the operating environment reflected consistent demand, with rural markets showing signs of recovery and urban sentiment remaining stable. Volume growth in the India business improved sequentially, reaching a multi-quarter high, supported by core categories and expanding new business lines.
Parachute oil posted a marginal volume decline due to hyperinflationary input costs and pricing changes. However, the number of packs sold grew after adjusting for changes in pack size, as the brand absorbed price hikes with limited impact on sales volumes.
Also Read: Marico Q3 Results: India business growth strongest in 13 quarters, volumes beat estimates
Saffola oils delivered revenue growth in the high twenties, supported by mid-single-digit volume growth. The company passed on the benefits of lower import duties on vegetable oils to consumers.
Value added hair oils grew in low double digits, with stronger momentum in the mid and premium segments. Marico expects this franchise to sustain its recovery, backed by a shift in investments from trade promotions to brand building and expanded reach through project SETU.
Foods and premium personal care, including digital-first brandscontinued scaling up while maintaining profitability.
The international business grew in the high teens in constant currency terms, with broad-based performance across key markets. Bangladesh remained resilient with high-teen growth.
Also Read: Marico Q4 Results: India volume grow higher than expected but margins narrow; dividend declared
Among raw materials, copra prices saw sequential inflation, driven by unseasonal rainfall, while vegetable oil prices softened after the import duty cut. Crude oil derivatives remained rangebound.
The company expects gross margin pressure in the first half due to the high base and pricing-led comparisons, but sees room for improvement in the second half. Operating profit is expected to register modest growth YoY.
Marico reiterated its medium-term goal of sustainable, profitable, volume-led growth, supported by stronger brand equity in core categories and continued expansion in new segments.
Shares of Marico Ltd ended at ₹713.70, up by ₹1.80, or 0.25%, on the BSE.
Also Read: Marico eyes volume momentum, margin gains in second half of FY26
